Omaha daily bee., 1887-10-25
CHICAGO PRODUCE MARKET.

CHICAGO, Oct. 24.-ISpccial Telegram to
the BEE Trading in wheat was upon the
basis Of the visible supply statcmcnt-first
upon gucsses as to what it would be, and
later upon the actual figures. First reports
from New York and Minneapolis made it ap-
pear that the increase would be larger than
expected Saturday and the talk was of
1,5OO, 600 bushels, or thereabouts, and the re-
suit was weakness. Later, when actual
increase of l,051 600 bushels became known,
there was a reaction to about the opening
figures, but upon lack Of outside buying
orders, prices fell away again and the closing
was at the low point for the session. There
was good buying Of December early for st.
Louis account, under which that delivery ad-
vanced I4c, but other futures did not follow,
May, which opened at 7S96c, only reaching
sS5S@7S2lc as the highest point. There ap-
pearcd to be abundant demand early for May
wheat at about 7sl1c, and offerings at that
figure during the first part Of the ses-
sion were very readily absorbed. The
opening was at Saturdays closing figures
73c for December and 7S9Sc for May. De-
cember sold up to 73l1 c and down to T234c,
where it closed. May sold up to 1sss(d7Ss4c,
down to 5Sss@1S14 &c and closed at that figure.
There was news enough for the corn trad
ers to-day, but it appeared to have very
slight effect The volume of business was
exceedingly small and the pit was almost de-
serted during much of the session. The Wis.,
ible supply statement was an undOubted sur
prise. An increase of about 5OO,OOO bushels
had been looked for, but when an actual de-
crease of PIE, 600 bushels was announced the
only effect visible was an advance in prices
Of about sc. The entire range of prices
here was but &c. December opened at 401sc,
advanced to Ale, sold down to 4O24c and
closed at 4lc asked May opened at 44Tc,
which was also the highest point touched,
sold down to 445sc and closed at 4454di41sc.
Oats in the speculative market were very
quiet today, the limited business transacted
being confined almost entirely to May, which
was steady until near the close, o'clock
bids being sc above Saturdays closing.
Near futures were without material change,
though seller the month sold off i4c to 25c
In provisions the weeks opening failed to
give any promise of increased activity.
Early III the day there was u little movement
in a speculative way, but the frmness of
sellers rather curtailed trading and as the
Traders were inclined to regard the market
with conservative leaning and acted as if
they believed prices too high and the feeling
too strong to awaken much life in the line of
speculation. Based on Saturdays closngs
January pork at o'clock showed an advance
of 1Oc the different deliveries of lard of 21ac
and January short ribs Of 21ac. January
the trading future-sold at sls. 10 70
for lard and $6.156o617IS for short ribs.
Pork for the same month closed at $l2. l2h9
bid lard at &8.221hS bid and short ribs at
$6l21 bid. Lard closed at $50 for October,
&81716 for November, t6,17114@620 for De-
cember and $685. for May. October short
ribs were held at $70214(G705, resting at
sos. For November pork prices ranged at
S1212H@l2.l5.
AFTERNOON SEssIoN-Whcat higher; OctO-
ber 701Sc, November 7I5sc, December 7Ss4c.
Corn firm. Oats tirmer; October 251sc, No
yember and December 251Gc, May 299sc.
$l2121a; other deliveries neglected. Lard
was quite and unchanged. Short ribs for
October delivery were quoted at $7O215 Jan
uary sold and closed at $6.l2l5.